Investa Office Fund (ASX:IOF) has reported its net profit for the period attributable to members rose 10.6 per cent to $521.6 million for the 2018 financial year.
The Real Estate Investment company’s revenues from ordinary activities fell 4.7 per cent over the year, to just over $200 million.
Property Council Funds from operations lifted by 0.8 per cent to $184 million.
The company declared distributions per unit of 20.3 cents a half a per cent lift on corresponding period.
Investa says the increase in net profit was primarily due to almost $400 million of valuation uplifts resulting from revaluations undertaken in both December 2017 and May 2018.
Shares in Investa Office Fund(ASX:IOF) are trading flat at $5.17.